Asia shares pause, sterling stands tall as Brexit vote looms
June 21 (Reuters) - Asian shares got off to a tentative start on Tuesday, as investors paused after a rally triggered by growing expectations that …
Sri Lankan rupee 1-wk forwards weaker on importer dlr demand
June 20 (Reuters) - Sri Lankan rupee one-week forwards traded weaker on Monday due to importer dollar demand while dealers said the rupee was under pressure …
Interview: PickMe has 4,000 vehicles on road, expands to Kandy
Jun 20, 2016 (LBO) - ‘PickMe,’ Sri Lanka's own mobile taxi hailing solutions provider, says they have close to 4,000 vehicles on the road, with over 2,000 …
Sri Lanka’s HSBC fires five senior managers for figure-fudging
Jun 20, 2016 (LBO) – HSBC Sri Lanka sacked five senior managers following an investigation into allegations that they fudged incentives-linked performance …
UN launches worldwide search for young leaders to achieve Sustainable Development Goals
The United Nations today launched a new initiative to recognize exceptional young people who are leaders in the effort to end poverty, combat climate change …
Asia stocks gain as Brexit fears ebb slightly, pound surges
June 20 (Reuters) - Asian stocks gained early on Monday as rising expectations of Britain voting to remain in the European Union lifted risk sentiment and the …
Sri Lankan rupee 1-wk forwards trade steady amid cbank moral suasion
June 17 (Reuters) - Sri Lankan rupee one-week forwards traded steady on Friday, but dealers said the local currency was under pressure due to lack of exporter …
Asian shares face weekly losses, sterling rebounds in Brexit turmoil
TOKYO, June 17 (Reuters) - Asian shares rose on Friday, but remained on track for weekly losses in a week dominated by fears that British voters will …
Huawei Y3II and Y5II to revolutionize entry range smartphone market in Sri Lanka
Reaches 23.3% Sri Lankan smartphone market share in Q1 2016 – GFK Reports Huawei, the fastest growing smartphone in Sri Lanka, announced the launch of two …
100 day countdown to the international day of peace
Every year on the International Day of Peace, the United Nations calls on the peoples of the world to remember their common humanity and join together to build …
Sri Lanka cabinet approves reintroduction of capital gains tax
Jun 15, 2016 (LBO) - The cabinet committee on economic management has agreed to reintroduce the capital gains tax (CGT) to rectify the increase in the …
Sri Lanka commences innovation portfolio measuring
June 15, 2016 (LBO) - Work on Sri Lanka’s long awaited national Innovation Index which is set to measure the islands innovation portfolio, began in Colombo, …
China’s yuan hits weakest in more than 5 yrs after PBOC fix, MSCI disappointment
SHANGHAI, June 15 (Reuters) - China's yuan slumped to its weakest level in more than five years against the dollar at Wednesday's open, after the central bank …
DFCC Bank launches Sri Lanka’s first virtual payment system
Jun 14, 2016 (LBO) – Sri Lanka’s DFCC Bank launched the Vardhana virtual wallet, a mobile application that enables financial inclusion for its customers, …
Oil futures fall as global growth, Brexit concerns weigh
TOKYO, June 14 (Reuters) - Crude oil futures fell in Asian trade on Tuesday, as investors ignored signs of market tightness to focus on concerns over …
ADB, Sri Lanka sign USD2mn grant for flood and landslide relief
Jun 13, 2016 (LBO) - The Asian Development Bank (ADB) said they would grant US 2 million dollars to finance relief efforts in the country following the recent …
IFC looks to fund Sri Lanka infrastructure, tourism and energy
Jun 13, 2016 (LBO) - The International Finance Corporation, a part of the World Bank group, said they are focusing on financing financially viable projects in …
Ford partners and JEN to support 50 families in Kilinochchi
Ford Motor Company, represented in Sri Lanka by Future Automobiles, a subsidiary of Softlogic Holdings, has awarded a grant to JEN (Japan Emergency NGO) to …
Asian shares and sterling skid, yen firms
June 13 (Reuters) - Asian shares and sterling skidded in early Asian trade on Monday and the perceived safe-haven yen rose, as investors fretted ahead of this …
Sri Lankan rupee up as exporters, foreign investors convert dollars
June 10 (Reuters) - Sri Lankan rupee forwards edged up on Friday as dollar conversions by foreign investors and exporters surpassed importer demand for the …